J.W. Cole Advisors Inc. Sells 3,205 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

J.W. Cole Advisors Inc. reduced its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 14.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,643 shares of the company’s stock after selling 3,205 shares during the period. J.W. Cole Advisors Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $497,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $44,000. Fortitude Family Office LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at approximately $54,000. Thompson Investment Management Inc. increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 184.5% during the fourth quarter. Thompson Investment Management Inc. now owns 7,838 shares of the company’s stock valued at $209,000 after purchasing an additional 5,083 shares in the last quarter. Fingerlakes Wealth Management Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at approximately $213,000. Finally, Cordant Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at approximately $213,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA FREL opened at $24.26 on Wednesday. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $21.24 and a fifty-two week high of $27.06. The company has a 50 day simple moving average of $25.41 and a two-hundred day simple moving average of $24.90. The company has a market capitalization of $900.05 million, a price-to-earnings ratio of 26.44 and a beta of 1.02.

About Fidelity MSCI Real Estate Index ETF

The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI\u002FReal Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is managed by Fidelity.